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Cheryl Harris @cdh111.bsky.social

I've had two friends announce in the last week that they've been severed from big companies. It appears to be because of the cancellation of government contracts. I doubt they are alone. I also doubt that we'll see job statistics showing us anywhere near accurate numbers for this.

sep 2, 2025, 2:19 pm • 3 0

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Midnight Train To Georgia On My Mind @spin4srv.bsky.social

Job statistics have been becoming less accurate _in the short term_ because of survey response rates (down and slow) but it's _really_ hard to fake numbers. They can get less accurate but it would be a massive conspiracy to intentionally skew them.

sep 2, 2025, 2:25 pm • 0 0 • view
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Cheryl Harris @cdh111.bsky.social

I think they are planning to do away with monthly jobs reports. So far as skewing numbers - that's the game plan across way too much of this administration. It's why so many are saying we can't trust anything coming out of the White House or its departments/agencies.

sep 2, 2025, 2:30 pm • 0 0 • view
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Midnight Train To Georgia On My Mind @spin4srv.bsky.social

Markets will react strongly if they actually do that. Private reports are not sufficient for the purposes used. They are only afraid of one thing and that's the markets.

sep 2, 2025, 2:34 pm • 1 0 • view